David Faber (Co-anchor of Squawk on the Street) 00:00.390
celebrating the IPO and medline provider of medical surgical products biggest of the year CEO on swap earlier today we got some volume in the room today joe
Jim Cramer (Host of Mad Money and Squawk on the Street) 00:14.910
like excitement in some sense these are this is an interesting company and said i like a deal that's not priced well above and goes crazy but it's also let's not forget a PE deal and they're they're they need these deals to come public and they have to have some winners
? (Co-anchor of Squawk on the Street) 00:30.750
they do obviously typically in a PE deal you will raise money and you will pay down debt that was a that was associated with the take private itself it's only four years since they went private a very strong deal for the sponsors though in terms of where it's coming public
? (Co-anchor of Squawk on the Street) 00:42.550
medline and the valuation and then you would monetize that overtime as well once you have that public equity but you're right we have been waiting to see PE firms get some exits so they can start to actually put some money to work again as well because a lot of their funds
? (Co-anchor of Squawk on the Street) 00:59.670
people are saying well give me some you know i i invested seven years ago and fund whatever and i haven't gotten my returns yet really on it so before i put in money in the next one
Jim Cramer (Host of Mad Money and Squawk on the Street) 01:09.150
yeah and the stocks there's stocks have been bad so they need this i mean i think that they versus just the versus golfing yeah versus city which has been a great investment so it's good to see them maybe getting the plus car yeah we were at
David Faber (Co-anchor of Squawk on the Street) 01:25.470
goldman yesterday they're a lead on medline terrific interview yeah good they're they're actually pretty constructive on next year jim as they have been for most of the year speaking of which december we're slightly red and there is some chatter that if santa is going to show
David Faber (Co-anchor of Squawk on the Street) 01:38.790
he's got limited time santa
Jim Cramer (Host of Mad Money and Squawk on the Street) 01:40.310
's got to show real soon like today i mean this is the day where typically where santa starts showing i'm not going to bet against this market now that i just want to see discipline in the one aspect of the market that it calls me which is the desire to keep the balls in the air
Jim Cramer (Host of Mad Money and Squawk on the Street) 01:56.910
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